Title: Implementation of the Common Organisation of the Market in Fishery and Aquaculture Products (cmo) Regulation in England and Wales ia no
Summary: Analysis & Evidence Policy Option 1
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Price Base Year 2013 |
PV Base Year 2014 |
Time Period Years 10 |
Net Benefit (Present Value (PV)) (£m) | ||
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Low: Optional |
High: Optional |
Best Estimate: -0.60 | |||
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COSTS (£m) |
Total Transition (Constant Price) Years |
Average Annual (excl. Transition) (Constant Price) |
Total Cost (Present Value) | ||
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Low |
Optional |
1 |
Optional |
Optional | |
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High |
Optional |
Optional |
Optional | ||
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Best Estimate |
0.60 |
0.00 |
0.60 | ||
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Description and scale of key monetised costs by ‘main affected groups’ Industry familiarisation costs – cost of responsible staff time (including non-wage overheads) to become familiar with regulation and disseminate to colleagues (all assumed to occur in 2014): £574.2k (producers (aquaculture and fishers and Producer Organisations (POs)) £43.0k; processors £2.7k; wholesalers £14.8k; retailers £513.7k). Government costs - Marine Management Organisation (MMO) and Welsh Government (WG) advice and familiarisation costs (all assumed to occur in 2014) £3.5k; Local Authority (Trading Standards (TS)) familiarisation costs £24.9k. | |||||
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Other key non-monetised costs by ‘main affected groups’ It is assumed that there are no material costs to businesses above baseline costs to accommodate the minor labelling changes as larger businesses are expected to incorporate the changes into their current labelling cycles and non-prepacked (loose sold) seafood businesses will use poster and billboards to display the additional mandatory information at minimal cost (costs of amending posters have not been monetised). It assumed that MMO, WG and TS will be able to enforce the labelling changes and marketing standards under existing or similar regimes at no extra costs. Costs to consumers (e.g. product price increases) are expected to be negligible. | |||||
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BENEFITS (£m) |
Total Transition (Constant Price) Years |
Average Annual (excl. Transition) (Constant Price) |
Total Benefit (Present Value) | ||
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Low |
Optional |
- |
Optional |
Optional | |
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High |
Optional |
Optional |
Optional | ||
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Best Estimate |
- |
- |
- | ||
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Description and scale of key monetised benefits by ‘main affected groups’ None – see below. | |||||
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Other key non-monetised benefits by ‘main affected groups’ The labelling changes will provide information to the consumer on gear type used to catch the relevant fishery and aquaculture products, which is a major factor in the sustainability of a product, and on minimum durability (where appropriate) of those products. This provides greater confidence in the quality of products and allows customers to express preferences for sustainable products. Benefits are not quantified as it has not been possible given the existing evidence base. The CMO is part of measures under the CFP and the European Maritime and Fisheries Fund expected to improve industry sustainability; making attribution of benefits difficult. | |||||
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Key assumptions/sensitivities/risks Discount rate (%) |
3.5 | ||||
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The costs are based on the assumption that industry will not face material costs for the labelling changes resulting from implementation of the CMO in E & W, this is based on advice from the Food and Drink Federation (FDF), the Fishmongers Company (FC), and the Food Standards Agency (FSA). Therefore the only costs are those associated with the time to become familiar with the legislation. Based on advice from the FSA it is assumed that local authorities’ Trading Standards officers will enforce labelling requirements under existing regime at no extra cost apart from familiarisation. Advice from MMO, FSA and WG indicates that there are no additional ongoing enforcement costs. | |||||
BUSINESS ASSESSMENT (Option 0)
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Direct impact on business (Equivalent Annual) £m: |
In scope of OITO? |
Measure qualifies as | ||||
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Costs: 0.05 |
Benefits: 0 |
Net: -0.05 |
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Directory: fisheries
fisheries -> Adaptation of Fisheries and Fishing Communities to the Impacts of Climate Change in the caricom region Issues paper Robin Mahon
fisheries -> Conserving America's Fisheries U. S. Fish and Wildlife Service Fisheries Program Strategic Vision United States Department of the Interior
fisheries -> Guidelines for the Use of Fishes in Research
fisheries -> Aquaculture division
fisheries -> -
fisheries -> Maritimes Region Blue Shark Catch, Bycatch and Landings of Blue Shark in the Canadian Atlantic
fisheries -> Working draft
fisheries -> D. A. M. De Silva 2011 Food and Agriculture Organization
fisheries -> Value chain of Fish and Fishery products: Origin, Functions and Application in Developed and Developing country markets
fisheries -> Fish identificaton web quest
fisheries -> Adaptation of Fisheries and Fishing Communities to the Impacts of Climate Change in the caricom region Issues paper Robin Mahon
fisheries -> Conserving America's Fisheries U. S. Fish and Wildlife Service Fisheries Program Strategic Vision United States Department of the Interior
fisheries -> Guidelines for the Use of Fishes in Research
fisheries -> Aquaculture division
fisheries -> -
fisheries -> Maritimes Region Blue Shark Catch, Bycatch and Landings of Blue Shark in the Canadian Atlantic
fisheries -> Working draft
fisheries -> D. A. M. De Silva 2011 Food and Agriculture Organization
fisheries -> Value chain of Fish and Fishery products: Origin, Functions and Application in Developed and Developing country markets
fisheries -> Fish identificaton web quest
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